Portland Housing Center
- Assets
- $16.2m
- Revenue
- $4.8m
- Investments
- $208.1k
- Employees
- 23
- Location
- Portland, OR
- Founding
- 04/1993
- Data as of
- 06/2021
- EIN
- 93-1111589
Organization Overview
Portland Housing Center is located in Portland, OR. The organization was established in 1993. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Portland Housing Center employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Housing Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Portland Housing Center generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $3.6m during the year ending 06/2021. While expenses have increased by 7.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EVERYONE DESERVES ACCESS TO HOMEOWNERSHIP THE PORTLAND HOUSING CENTER MAKES IT POSSIBLE THROUGH QUALITY EDUCATION, COUNSELING AND FINANCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME BUYING EDUCATION AND GUIDANCE: PORTLAND HOUSING CENTER PROVIDES PRE-PURCHASE HOME BUYER EDUCATION, PRE-PURCHASE ONE-ON-ONE COUNSELING AND CLASSES ON FINANCIAL LITERACY FOR HOMEOWNERS.
FINANCIAL SERVICES: PORTLAND HOUSING CENTER PROVIDES SEVERAL TYPES OF DIRECT FINANCIAL ASSISTANCE TO ELIGIBLE HOME BUYERS INCLUDING DOWN PAYMENT ASSISTANCE GRANTS, MATCH SAVINGS FUNDS, AND A FULLY AMORTIZING 2ND MORTGAGE PRODUCT. PORTLAND HOUSING CENTER ALSO SERVES AS AN OREGON LICENSED MORTGAGE BROKER FOR FIRST MORTGAGES AND REFINANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peg Malloy Executive Director | Officer | 40 | $146,562 |
Jackie Butts Homeownership Program Director | 40 | $100,754 | |
Kala Biittner Finance Director | 40 | $100,754 | |
Mike Schrader President | OfficerTrustee | 1 | $0 |
Robert Walker Jr Vice President | OfficerTrustee | 1 | $0 |
Kathleen Holt Immediate President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,434,851 |
| Investment income | $2,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,834,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,624,701 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $159,870 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,057,470 |
| Pension plan accruals and contributions | $25,846 |
| Other employee benefits | $127,883 |
| Payroll taxes | $109,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,873 |
| Fees for services: Accounting | $23,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,606 |
| Advertising and promotion | $14,263 |
| Office expenses | $53,950 |
| Information technology | $88,627 |
| Royalties | $0 |
| Occupancy | $24,325 |
| Travel | $2,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,170 |
| Interest | $30,782 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,733 |
| Insurance | $25,736 |
| All other expenses | $0 |
| Total functional expenses | $3,581,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,071,496 |
| Savings and temporary cash investments | $1,344,806 |
| Pledges and grants receivable | $81,358 |
| Accounts receivable, net | $31,576 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,121,930 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,749 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $208,088 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,026 |
| Total assets | $16,243,202 |
| Accounts payable and accrued expenses | $144,427 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,591,669 |
| Other liabilities | $1,125,639 |
| Total liabilities | $2,861,735 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $13,381,467 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Portland Housing Center has recieved totaling $837,612.
| Awarding Organization | Amount |
|---|---|
Neighborhood Partnerships Inc Portland, OR PURPOSE: COMMUNITY DEVELOPMENT | $800,600 |
Onpoint Community Credit Union Portland, OR PURPOSE: COMMUNITY OUTREACH | $10,000 |
Windermere Foundation Seattle, WA PURPOSE: SHELTER | $10,000 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $7,500 |
Ocf Joseph E Weston Public Foundation Portland, OR PURPOSE: Housing | $6,000 |
Umpqua Bank Charitable Foundation Portland, OR PURPOSE: HOMEOWNER BASICS COUNSELING | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles Apartments Housing Corporation Hayward, CA | $0 | $319,066 |
Satellite Affordable Housing Associates Berkeley, CA | $83,294,736 | $13,591,508 |
Rhf Foundation Long Beach, CA | $215,917,223 | $14,903,975 |
Sheltercare Eugene, OR | $4,357,138 | $9,135,740 |
Midpen Resident Services Corporation Foster City, CA | $3,702,334 | $11,407,168 |
Bridge Property Management Company San Francisco, CA | $1,233,636 | $9,360,308 |
Burbank Housing Corporation Burbank, CA | $47,643,861 | $6,370,585 |
Habitat For Humanity San Fernando/Santa Clarita Valleys Woodland Hills, CA | $1 | $4,168,206 |
Do Good Multnomah Portland, OR | $6,858,210 | $9,987,432 |
Satellite Aha Development Inc Berkeley, CA | $17,466,494 | $5,909,155 |
Housing Trust Silicon Valley San Jose, CA | $250,989,111 | $21,448,557 |
Western Community Housing Inc Costa Mesa, CA | $106,078,970 | $11,023,596 |